NEW YORK (AP) — Stocks pulled back sharply as Wall Street got its first chance to react to a slowdown in hiring in the United States in March.
The Dow Jones industrial average dropped 134 points to 12,927 as of 10:50 a.m. The Standard & Poor's 500 index was off 16 at 1,382, and the Nasdaq composite lost 29 points to 3,051.
The losses were broad. All 10 industry groups in the S&P 500 fell, led by financial stocks. Bank of America was off 3 percent, Citigroup 2.5 percent.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
